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Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $60,181,074 Common Stock: $14,908,000 Retained Earnings: -$2,753,304 Suppose next year
Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $60,181,074 Common Stock: $14,908,000 Retained Earnings: -$2,753,304 Suppose next year the Andrews Company generates $36,500,000 in Net Profit, pays $15,000,000 in dividends, and total liabilities and common stock remain unchanged. What must their total assets be next year? $93,835,770 -$2,753,304 $123,835,770 $72,335,770
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